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Wells Fargo & Company , headquartered in San Francisco, is one of the nations largest financial institutions. Suppose it reported the following selected accounts (in
Wells Fargo & Company, headquartered in San Francisco, is one of the nations largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2017.
Retained earnings | $40,000 | ||
Preferred stock | 8,000 | ||
Common stock$1 2/3 par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares | 8,200 | ||
Treasury stock67,346,829 common shares | (2,300 | ) | |
Paid-in capital in excess of par valuecommon stock | 52,000 | ||
Accumulated Other Comprehensive Income | 8,200 |
Prepare the stockholders equity section of the balance sheet for Wells Fargo as of December 31, 2017. (Enter account name only and do not provide descriptive information.)
WELLS FARGO & COMPANY Partial Balance Sheet (in millions) Click if you would like to Show Work for this question: Open Show Work
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